Regress

 

Meaning of the word: Regress

Regress is sanctioning, awarded by the insurance company. The insurance company shall be entitled to repayment of part or the whole of the insurance in case that the client has violated the conditions and it leads to magnification of the insured event. For example if the driver caused a car accident while drunk.

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Value

Value specifies the client's ability to repay his obligations. Value is an important tool for all financial institutions. It specifies the amount of…

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